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Backed by Big Banks, MERS Gains Momentum in the Courts By Joel Cone, Staff Writer February 25, 2013 In the high stakes game of billiards being played between the Mortgage Electronic Registration Systems (MERS) and government officials, the automated mortgage registry continues to run the table against its opponents in court as more judges deny plai GAO Says FHA a ‘High Risk’ to Taxpayers By Octavio Nuiry, Senior Staff Writer February 25, 2013 Congress’ independent watchdog, the Government Accountability Office (GAO), issued a report recently warning that the cash-strapped Federal Housing Administration (FHA) is a “high risk” federal institution. How a Smaller FHA Hurts the Housing Market By Peter G. Miller, Contributor February 19, 2013 The FHA has got some problems and that raises a question: Could such difficulties limit the availability of government-backed financing? Washington, D.C. Watch: Low Inventory Pushes D.C. Housing Prices Up By Octavio Nuiry, Senior Staff Writer February 18, 2013 As we celebrate President’s Day, we wanted to take a look at housing in the nation’s capital. Are We About to See a Massive Set-Back in the Housing Sector? By Peter Miller February 13, 2013 It really could happen. It’s possible that thousands of pages of financial rules just issued by the Consumer Financial Protection Bureau (CFPB) could be tossed out. Florida Justices Side with Bank in Foreclosure Fraud Case By Octavio Nuiry, Senior Staff Writer February 13, 2013 A Florida homeowner facing a foreclosure lawsuit by Bank of New York Mellon lost a bid at the state’s high court to stop his lender from dropping the case while he tried to prove the bank used fraudulent robo-signed documents in suing him. Oregon’s Foreclosure Mediation Program Dissolves By Octavio Nuiry, Senior Staff Writer February 13, 2013 Oregon is seeking a new administrator for its foreclosure mediation program, after the Florida think tank running the program closed its doors on January 31, amid financial woes. Feds Sue S&P Over Bad Mortgage Bond Ratings By Octavio Nuiry, Senior Staff Writer February 13, 2013 Five years after the housing market crashed in 2008, the U.S. Justice Department slapped Standard & Poor’s with civil fraud charges, claiming the nation’s largest credit ratings agency issued rosy rating on risky mortgage bonds. Florida’s Fast-Track Foreclosure Bill Passes House Committee By Octavio Nuiry, Senior Staff Writer February 12, 2013 A Florida bill designed to speed up the foreclosure process in the Sunshine State passed the House Civil Justice Subcommittee on February 7, on a 10-3 vote. Fannie, Freddie To Allow Deed-in-Lieu Program By Octavio Nuiry, Senior Staff Writer February 12, 2013 For trapped homeowners unable to short sell or refinance their underwater home mortgages there may be a new option on the horizon. Print Email

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